Health insurance is available for cancer patients. It can help them cover a variety of costly expenses that come with cancer treatment. Here’s how health insurance works, a few types of plans for cancer patients, and how cancer supplemental insurance can give you additional insurance coverage.
Health insurance is a legal agreement between a policyholder and a health insurance company. In many cases, you pay a monthly premium in exchange for partial or full coverage for certain medical care and services.
You’ll likely have a deductible, or the amount you must pay out-of-pocket until your plan kicks in and offers coverage. Depending on your policy, you might save money if you receive care from in-network providers. Your health insurance plan might also come with extras like wellness discounts and incentive programs.
Under the Affordable Care Act, people with cancer can’t be denied health insurance coverage. In addition, an insurance company can’t charge you more for a policy just because you have cancer or another pre-existing condition.1 Before you commit to a policy, it’s a good idea to shop around and review what cancer coverage looks like with different types of health insurance plans.
Don’t wait until it’s too late. Help cover yourself and your family with affordable coverage from Aflac.
Here are some health insurance options for cancer patients:2
Medicare is a federal health insurance program. It offers coverage to people who are at least 65 years old and those who have had Social Security Disability Insurance for two or more years, are entitled to Railroad Retirement benefits or Railroad Retirement disability benefits, or are living with end-stage renal disease or amyotrophic lateral sclerosis (ALS).
Medicaid is a joint federal and state program that offers health insurance for low-income individuals and families, as well as those with disabilities. Each state has a Medicaid program that follows federal guidelines.
You can get health insurance on the federally run Marketplace at Healthcare.gov or your state-run Marketplace, depending on where you live. If your employer doesn’t offer health insurance or you leave your job, your state health insurance marketplace may be an option.
COBRA, or the Consolidated Omnibus Budget Reconciliation Act, can allow you to continue your health insurance coverage after you reduce your work hours, quit your job, or lose your job. In many cases, you can keep your coverage for up to 18 months.3 Note that COBRA can be costly as you’re responsible for the full premiums, including the ones your employer once paid.
Supplemental cancer insurance can help reduce the out-of-pocket costs that often come with a cancer diagnosis. You can get this plan as a supplement to your standard health insurance plan and use the funds for a variety of medical and non-medical expenses. With an Aflac cancer insurance policy, you can help pay for the following:
A cancer insurance policy is specifically designed to supplement your main health insurance as it can help cover your expenses and provide you with added peace of mind. It’s important to note that insurance companies typically require that you apply for cancer insurance before you receive a cancer diagnosis or show you’ve been cancer-free for a certain period of time.
In the event of a cancer diagnosis, it’s essential for you to focus on healing and remission, rather than your finances. You can use cancer insurance to help supplement your health insurance policy and help cover a number of medical and non-medical expenses, such as treatments, household bills, and childcare.
Aflac is pleased to offer cancer insurance policies with easy applications, affordable premiums, and direct payouts. For a quote or more information, start chatting with an Aflac representative today.
Explore your supplemental health insurance options.
1 CancerCare - Understanding the Affordable Care Act. https://www.cancercare.org/publications/179-understanding_the_affordable_care_act. Accessed May 25, 2023.
2 BreastCancer.org - Managing Cancer Costs Without Health Insurance: Options for Coverage. https://www.breastcancer.org/managing-life/covering-cost-of-care/options-for-no-insurance. Accessed May 25, 2023.
3 American Bar Association – Getting or Keeping Health Insurance After Diagnosis. https://www.americanbar.org/groups/health_law/interest_groups/educational_outreach/hlcancer/insurance/. Accessed May 25, 2023.
Coverage underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.
Cancer/Specified-Disease: In Arkansas, Policies B70100AR, B70200AR, B70300AR, B7010EPAR, B7020EPAR. Policy A72200AR. In Delaware, Policies B70100DE, B70200DE & B70300DE. Policy A72200. In Idaho, Policies B70100ID, B70200ID, B70300ID, B7010EPID, B7020EPID. Policy A72200ID. In Oklahoma, Policies B70100OK, B70200OK, B70300OK, B7010EPOK, B7020EPOK. Policy A72200OK. In Oregon, Policies B70100OR, B70200OR, B70300OR, B7010EPOR, B7020EPOR. Policy A72200ORR. Policies A78100OR–A78400OR. In Texas, Policies B70100TX, B70200TX, B70300TX, B7010EPTX, B7020EPTX. Policy A72200TX. In New York, Policies, NY78100–NY78400. Policy NYR72200. In Pennsylvania, Policy A76100PA. Policies B70100PA, B70200PA, B70300PA. In Virginia, policies A75100VA–A75300VA.
Coverage underwritten by Tier One Insurance Company: Cancer/Specified-Disease: In Delaware, Policy T70000. In Idaho, Policy T70000ID. In Oklahoma, Policy T70000OK. In Virginia, policies T70000VA & T70000GVA.
Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (Tier One NAIC 92908).
Cancer insurance is also known as specified disease insurance in some states. This is a brief product overview only. Coverage may not be available in all states including but not limited to DE, ID, NJ, NM, NY, or VA. Benefits/premium rates may vary based on plan selected. Optional riders are available at an additional cost. The policy has limitations and exclusions that may affect benefits payable. Refer to the policy for complete details, limitations, and exclusions. For costs and complete details of the coverage, please contact your local Aflac agent.
The content herein is provided for general informational purposes and is not provided as tax, legal, health or financial advice for any person or for any specific situation. Employers, employees and other individuals should contact their own advisers about their situations.
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